First he sets himself on the wrong side of history with his decisions and comments on the War on Terror now more bad news for Gerhard Shroeder:
More than 5.2 million Germans were out of work in February, new figures show.
The figure of 5.216 million people, or 12.6% of the working-age population, is the highest jobless rate in Europe’s biggest economy since the 1930s.
The news comes as the head of Germany’s panel of government economic advisers predicted growth would again stagnate.
Speaking on German TV, Bert Ruerup said the panel’s earlier forecast of 1.4% was too optimistic and warned growth would be just 1% in 2005
Davids Medienkritik expounds:
What has followed is unprecedented in German history. Schroeder’s SPD quickly dropped into the 20s in the approval ratings and unemployment continued to rise above 4 million.
Now the most unpopular government in German history has achieved a new all-time low: Schroeder, who earlier demanded that the German people judge him on his ability to create jobs, currently presides over a nation with over 5.2 million unemployed citizens, the highest number since the Nazis came to power during the Great Depression. Right-wing extremists are gaining strength with every passing day, but Schroeder and his party refuse to accept any implication that their failed economic policy is a direct or indirect cause of the re-emergence of German nationalism.
So what is the SPD’s solution? German exports. Particularly arms sales. Gerhard Schroeder recently visited China and expressed his desire to lift the EU’s arms embargo on the Communist nation. The “Peace” Chancellor is currently on a trip to the Middle East where he is sealing business deals in Saudi Arabia, Kuwait and other dictatorial Arab states. There too, German arms are a best seller. The same German left that can’t get enough of pointing out America’s supposed hypocricy in supporting Saudi Arabia is busily signing weapons deals with the same government.